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Medical Office with Clinical Buildout

305 E San Marnan Drive, Waterloo, IA 50702

For Sale
$395,000

The existing clinical plan includes exam rooms, laboratory space and a nurses’ station.

Property Size6,408 SF
Lot Size0.38 Acres
Price / SF$61.64
Days on Market68

Property Features for 305 E San Marnan Drive

General Information

Standard status Active
Size 6,408 SF
Lot size 0.38 Acres
Property subtype Office/Retail
Zoning C-1/C-Z

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Additional Details

Condition Turnkey
Property Use Medical Office

Taxes and HOA fees

Annual Taxes $17,914

Building Details

Building Size 6,408 SF
Year Built 1990
Buildings 1
Construction brick
Listing Agency: Vine Valley Real Estate
Listed By: Emsad Begic · License IA B56539000
Source: Karensteffeshomes
Added: Sep 3 Changed: Nov 7 Last Checked: Nov 9 at 12:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vine Valley Real Estate

Rey
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Investment Insights

Based on property information with market context.

Vacant medical office space built in 1990, with 6,408 square feet on a 0.38-acre parcel. The main floor is arranged with a reception and waiting area, six exam rooms, a lab and a nurses’ station. Existing plumbing and electrical serve the clinical layout. A walk-out lower level provides additional space, and the property is zoned C-1/C-Z.

The property fronts San Marnan Drive in Waterloo, near Highway 20. Its current configuration supports medical office use, with the lower level adding flexibility within the existing building.

Key Highlights

  • 6,408‑square‑foot medical office property on 0.38 acres
  • Main level includes six exam rooms, a lab and a nurses’ station
  • Walk‑out lower level offers additional space

Property Analytics

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Open Analytics

Current Use

Annie M Kontos, ... Pediatrician A & M Windows Doors ... Hardware & Home Improvement Windows of Iowa Hardware & Home Improvement Michelle Kunkle Physician RbA of Central Iowa Hardware & Home Improvement

Suggested Use

Top Pick Restaurant Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Hair Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,054
Businesses Nearby
Under-served
Demand for This Use

Demographics for 50702, IA

20,447
Population
9,722
Households
2.1
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
2,086
Density / Sq Mi
$59,784
Median Household Income
$38,826
Median Earnings
$926
Median Rent
$145,800
Median Home Value
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Medical Office Space - The existing clinical plan includes exam rooms, laboratory space and a nurses’ station.
Where is this medical office space located?
The property is located at 305 E San Marnan Drive Waterloo, IA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 6,408‑square‑foot medical office property on 0.38 acres; Main level includes six exam rooms, a lab and a nurses’ station; Walk‑out lower level offers additional space
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